The Sensitive Price Indicator (SPI) showed a further decline in weekly inflation, dropping by 0.22 per cent for the week ending October 24, 2024, while inflation stood at 15.15 per cent compared to the same week last year.
According to the latest Pakistan Bureau of Statistics data, notable price reductions were recorded for Chicken (7.12 per cent), Onions (5.07 per cent), Gur (2.07 per cent), Wheat Flour (1.16 per cent), Pulse Mash (1.14 per cent), Sugar (0.77 per cent), Pulse Gram (0.64 per cent), Broken Basmati Rice (0.58 per cent), and LPG (0.01 per cent).
PBS data shows that an increase was observed in the prices of Potatoes (3.33 per cent), Garlic (2.97 per cent), Pulse Moong (2.84 per cent), Eggs (2.02 per cent), Bananas (0.75 per cent), Cooked Daal (0.64 per cent), Tomatoes (0.48 per cent), Vegetable Ghee 1Kg (0.36 per cent), Firewood (0.29 per cent) and Cigarettes (0.08 per cent).
During the week, out of 51 items, prices of 13 (25.49 per cent) items increased, 10 (19.61 per cent) items decreased and 28 (54.90 per cent) items remained stable.
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The year-on-year trend depicts an increase of 15.15 per cent, Gas Charges for Q1 (570.00 per cent), Pulse Gram (82.50 per cent), Onions (50.25 per cent), Chicken (39.12 per cent), Pulse Moong (36.94 per cent), Powdered Milk (25.37 per cent), Beef (23.46 per cent), Shirting (17.02 per cent), Cooked Daal (15.14 per cent), Garlic (14.76 per cent), Georgette (13.13 per cent) and Ladies Sandal (12.52 per cent).
While major decrease was observed in the prices of Wheat Flour (31.88 per cent), Electricity Charges for Q1 (20.32 per cent), Chilies Powder (20.00 per cent), Diesel (17.05 per cent), Petrol (12.77 per cent), Cooking Oil 5 Litre (8.95 per cent), Rice Basmati Broken (7.64 per cent), Sugar (5.94 per cent), Eggs (5.88 per cent), Bread (5.55 per cent), Vegetable Ghee 2.5 Kg (4.76 per cent) and Washing Soap (0.73 per cent).
